Hostess Brands (NASDAQ:TWNK) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, September 18th, BidAskClub reports.
Several other equities analysts have also commented on TWNK. TheStreet lowered shares of Hostess Brands from a “b” rating to a “f” rating in a research report on Thursday, July 18th. Evercore ISI assumed coverage on shares of Hostess Brands in a research report on Tuesday, June 11th. They set an “outperform” rating and a $16.00 price target for the company. Zacks Investment Research raised shares of Hostess Brands from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Saturday, September 14th. SunTrust Banks reissued a “hold” rating and issued a $17.00 price objective on shares of Hostess Brands in a research report on Thursday, August 8th. Finally, DA Davidson began coverage on shares of Hostess Brands in a report on Wednesday, June 19th. They set a “buy” rating and a $16.00 price target for the company. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $14.80.
Shares of NASDAQ TWNK traded down $0.01 on Wednesday, hitting $13.55. The company’s stock had a trading volume of 551,674 shares, compared to its average volume of 1,215,466. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.22 and a quick ratio of 1.96. The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of 25.08 and a beta of 0.55. The stock has a 50 day moving average of $13.94 and a 200-day moving average of $13.74. Hostess Brands has a 12-month low of $9.86 and a 12-month high of $14.86.
Hostess Brands (NASDAQ:TWNK) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.02. The business had revenue of $241.10 million for the quarter, compared to the consensus estimate of $225.98 million. Hostess Brands had a net margin of 5.89% and a return on equity of 3.82%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Sell-side analysts expect that Hostess Brands will post 0.6 EPS for the current fiscal year.
In other news, insider Cdm Hostess Class C, Llc sold 962,472 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $14.00, for a total value of $13,474,608.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director C. Dean Metropoulos sold 455,400 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $14.00, for a total transaction of $6,375,600.00. The disclosure for this sale can be found here. Corporate insiders own 24.60% of the company’s stock.
Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC acquired a new position in Hostess Brands during the 2nd quarter valued at about $29,000. Quantamental Technologies LLC acquired a new position in shares of Hostess Brands in the 2nd quarter worth approximately $40,000. CENTRAL TRUST Co acquired a new position in shares of Hostess Brands in the 2nd quarter worth approximately $51,000. Financial Gravity Wealth Inc. grew its stake in shares of Hostess Brands by 334.1% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 6,086 shares of the company’s stock worth $88,000 after purchasing an additional 4,684 shares during the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of Hostess Brands in the 1st quarter worth approximately $102,000. Hedge funds and other institutional investors own 94.30% of the company’s stock.
Hostess Brands Company Profile
Hostess Brands, Inc, a packaged food company, develops, manufactures, markets, sells, and distributes fresh sweet baked goods in the United States. It primarily offer a range of snack cakes, donuts, sweet rolls, breakfast pastries, snack pies, and related products. The company operates in two segments, Sweet Baked Goods and In-Store Bakery.
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